I have only one thing to say to FINRA....the ONLY thing I need protection from is YOU. Stay out of my life, my wallet, my house and my neighborhood. I don't need protect6ion from myself. I can read. I know that leveraged ETF's are daily trading vehicles. I know because I am literate and I trade them ALL THE TIME. If I lose money it's MY FAULT not Proshares. Stay
regarding FINRA's notice #22-08 for comments about investors buying certain complex products, I comment that my access to leverage and inverse products is appropriate and has provided positive returns using a daily trading basis. I sign an agreement with my brokerage firm each year stating that I understand the risks involved when trading such products.I have a bachelors degree in
No member shall publish or circulate, or cause to be published or circulated, any notice, circular, advertisement, newspaper article, investment service, or communication of any kind which purports to report any transaction as a purchase or sale of any security unless such member believes that such transaction was a bona fide purchase or sale of such security; or which purports to quote the
I am opposed to regulations limiting investors ability to trade and invest in leveraged and inverse funds. Most brokerage firms already have safe guards in place to protect uneducated and unsophisticated investors, such as income and investment limits, and warning labels. Seriously - you have just as much risk in investing in Bitcoin - or AMC !! Or trading on margin !! These leveraged funds
I oppose the purchase restrictions. Trading of these types of leveraged funds should be available to all. As an alternative to the restrictions, a requirement could be to allow purchasing after receiving one training course on the risks of these funds. Under no circumstances should trading of these types of funds be limited to only those with a high net worth. An alternative could be a limit on
I believe individuals should be free to invest their money freely, without undo regulation. I'm fine with my brokerage having me acknowledge that I understand I'm taking on some additional risk with leveraged and inverse funds. Beyond that, I should be free to invest in these publicly traded funds. For me, this is keeping me away from Options trading and associated
Greetings,
I do not believe that unelected bureaucrats need to be burdening anyone with more regulations. If government officials need anything to occupy their time, perhaps they should begin enforcing the laws against insider trading which are ignored by most of our elected officials. Those of us in the retail trading side of the market do not need any more difficulties forced upon us as we
Hello,
I am writing to you regarding FINRA Regulatory Notice #22-08, and more specifically in my support for the freedom to invest how I choose as an individual investor. While I dont trade on a highly frequent basis I greatly appreciate my current freedom to use leveraged and inverse funds in my portfolio, as I enjoy trading as I see fit. I do not believe that my and others freedoms should be
I have extensive knowledge of inverse ETF funds as well as Leveraged ETF's The assets I have with Schwab is in excess of 20 million Dollars and I have been trading Leveraged ETF's for over 20 years. I also have extensive knowledge of options.and I currently hold about 300 contacts of $SPX futures contracts.. I have never had a loss in any of the thousands of options I
Comments:
I have been investing in the stock market for almost 39 years including 29 years working as a financial advisor.
I have traded leveraged and inverse ETFs
in my own account and understand the risks of same. Fidelity has provided ample warnings of the risks associated with these
Instruments. I would be supportive of FINRA efforts to protect investors for whom these ETFs would be
